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A dilemma please help
We have just seen a house that we would like to purchase, at the moment we have two properties, the first Value £ 160k which is paid for and is rented out, the second our home value £ 220k, we have a offset mortage of £ 90k and savings of £ 35k. We have always thought of the rented property as our pension the income is £…
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Heavily out of pocket because of mortgage change to Halifax
We bought our new home for £135,000 in November 2005, we borrowed £115,000 we had a self cert mortgage as I am a tennis coach and was newly self employed. Our lender was Kensington homeloans (now Oakwood Homeloans). Details of the mortgage were a discount rate of 5.75% for the first year, rates at that time were around 7%.…
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Can anyone recommend a good Mortgage Broker in West of Scotland area?
As the title says - I am looking for a good recommended broker from the west of scotland area. If anyone has any recommendations I would love to hear them...
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Best company for my situation??
I am just toiling with the idea at the moment but will need to make a push soon as I can. I need to buy a new property but am concerned with my bad credit rating who will lend to me if at all. I have a fantastic mortgage with Woolwich at the moment, lifetime tracker at 0.25% above base rate. But I have had a lot of…
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Want to remortgage? Am I being stupid?
Ok so we have recently put the house on the market for £339,950 I want to clear our debt and buy a newer house! However I love the house we are in now just don't have the spare cash to work on it. So I am looking at an option B. We are tied into our mortgage for 5yrs its £207000. We have debts (secured loans x2 and credit…
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Mortgage Application & Season Ticket Loan
My boyfriend and I both have interest-free season ticket loans (with about 10 months left to run on them) and we pay £221 each which comes out of our monthly wage and is detailed on our payslips. If we declare these loans to a lender as a ‘credit commitment’ it might look like we have horrendously massive loans when in…
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Refused Mortgage need some advice
I applied for a mortgage in jan/Feb of this year - I am a director of a private ltd company (and I am also an employee of this company) I own 25% of it. I earn a decent wage (but have very little deposit only 10% or so) and so went to HSBC for my application as they do my business accounts and we have a good relationship.…
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Mortgage - 2 options, what would you do?
Have 2 parts of a mortgage. One Fixed at 5.4% on 80K running out at the end of August 10, the other Fixed 6.2% on 60k running out July 14. With Halifax. LTV is currently 84% Now, with the large bit running out soon, we have 2 affordable options: 1. Go SVR (3.5%) for a while (maybe try for a 3yr fix next year to bring both…
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FTB: 10% Deposit - HSBC or Post Office?
Hi All Am a FTB looking to get a repo house for £48k (we've seen one), i'm down to a choice of two for a mortgage. HSBC my own bank and the Post Office, I like the way the PO has a list of lending criteria on the website, we have an AIP from the HSBC. Anyone have any experience dealing with these two? Who has the harsher…
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porting mortgage
I currently have a mortgage which is made up of two loans which are on seperate interest rates, I am now looking to move and want to port my mortgage to the new property. when i do this will i still have two loans or will the old ones have been paid back and i start afresh with one mortgage loan?? please advise
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Fair Credit but refused mortgage by Northern Rock? Please please give me some advice?
My partner applied for a mortgage last night with Northern Rock and got all the way through the application, was granted the mortgage and then the lady on the phone said oops there seems to be a problem with the credit check (she'd checked it twice) and then couldnt wait to get him off the phone. When asked what the…
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Which mortgage providers are happy for me to have one or two lodgers?
I have a £150k deposit for a £200k house and my salary can easily cover the mortgage (£44k), I think that on this basis I should have no trouble getting a mortgage. I have spoken to two providers soo far, both have been happy with the numbers that I have provided but are not willing to lend to me if i rent rooms out…
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I'm Well Off but have poor Credit Record!
OK heres my situations, I Have 2 defaults which are due to come off soon (may have already gone, so Im in process of getting my Credit Record). I Have just recently become free debt :j:j:j by paying off £6k in 6 months! which means I am now able put away £1k a month. My wage is £45k per year and have some money coming to…
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Getting an unwilling ex's name off a mortgage. Advice please.
Hello everyone. I have a cousin who has got a joint mortgage but now her and her partner have split up and unfortunately her ex is now unwilling to have his name taken off the mortgage. Could someone please advise on what she needs to do next. Many thanks in advance. Pete.
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Buy To Let Mortgages
Hi All, I hope to purchase a house for £68K and I am putting down a deposit of 30%, however most deals I am being offered by mortgage companies are rather poor seeking over £1000 for arrangement fees and penalising mortgage overpayments. Are there any companies that offer buy to let mortgages without overpayment charges…
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Mortgage - after purchase of house
We've recently sold our outright-owned house and are now in a position to buy our next house with cash from savings. However, the new house is likely to need some additional work after the purchase and we need another source of funds! Is it possible to get a mortgage having already bought the house (i.e. secured lending)?…
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eligibility for mortgage after being non resident in UK
I have just returned to the UK after being non-resident for the last 15 years and have been told by one bank that I will not be eligible for a mortgage unless I have been resident for at least three months. Can anyone tell me if this is a universal rule that I am going to come across with all potential lenders
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Cuts and interest rate rises
Getting slightly worried in the current climate with cuts and interest rate rises possibly/probably on the way. The wife and I bought our place at the top of the market, with a 2 year fixed-rate Alliance & Leicester mortgage. This was interest only. At the end of the fixed rate, because of the crunch, we had no chance of…
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Survey done 2 1/2 weeks ago - still no mortgage offer
Hi Our buyer had their mortgage valuation done nearly 3 weeks ago, the company who did it have confirmed they sent back their report to the lender the same day. Has anyone else experienced similar timescales from survey to offer? Our chain want to exchange next week so I am starting to panic. Arrgghhh.
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Santander FTB
Hi, Am looking for some FTB advice. I have a rather chequred credit history with 1ccj (settled) and two defaults (settled) - the CCJ and the defaults are 5 years old. I am looking to buy a house with my GF and we have had an agreement in principal from Natwest, but see that Santander offer better rates. My question is,…
